AMERICAN FRIENDS OF LAFAYETTE

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1933

Legal Domicile

Principal Officer

Alan Hoffman

Phone

2406765010

Tax Period

2023-07-01 to 2024-06-30

AMERICAN FRIENDS OF LAFAYETTE, founded in 1933, is a small nonprofit that reported $432K in total revenue in fiscal year 2023. Revenue surged 122% from the prior year, signaling strong growth momentum. The organization ran a surplus of $224K, a strong 52% operating margin.

Mission

The purpose of The American Friends of Lafayette (AFL) is to educate the public about the life and career of General Lafayette through educational programs, publications, and lectures. The AFL was founded in 1932. It publishes the Gazette of the American Friends of Lafayette semi-annually, in which is found both scholarly commentary and reports of the various events conducted by the AFL and other Lafayette societies.

Program Service Accomplishments

Program 1

Expenses: $63,412 Revenue: $126,337

Member events including Annual Meeting, Yorktown Day, Virginia Lafayette Day, and other commemorations

Program 2

Expenses: $40,077 Revenue: $0

Creation of a free app with TravelStorysGPS to provide travelogues for moblie devices and web-based use to follow Lafayette on his Farewell Tour and learn about his role in the American Revolution...

Creation of a free app with TravelStorysGPS to provide travelogues for moblie devices and web-based use to follow Lafayette on his Farewell Tour and learn about his role in the American Revolution and his human rights advocacy

Program 3

Expenses: $13,764 Revenue: $0

Creation of several sets of six educational panels telling the story of Lafayette's involvement in the American Revolution, his Farewell Tour, and his human rights advocacy

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $285,159

Program Service Revenue $126,337

Investment Income $0

Other Revenue $20,793

TOTAL REVENUE $432,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $117,253

Other Expenses $145,150

TOTAL EXPENSES $208,562

Year-over-Year Comparison

	2023	2022	Change
Revenue	$432,289	$194,418	+1.2%
Expenses	$208,562	$136,274	+0.5%
Net Income	$223,727	$58,144	+2.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

250

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alan R Hoffman	President	40	Officer Director	$0	$0	$0
Chuck Schwam	First Vice President and Executive Director	40	Officer Director	$0	$0	$0
Robert Kelly	Second Vice President	20	Officer Director	$0	$0	$0
Bonnie Fritz	Secretary/Treasurer	10	Officer Director	$0	$0	$0
Diane Shaw	Curator	5	Director	$0	$0	$0
Hank Parfitt	Director	5	Director	$0	$0	$0
Jerry Meekins	Director	2	Director	$0	$0	$0
Mackenzie Fowler	Director	3	Director	$0	$0	$0
Robert Raffety	Director	1	Director	$0	$0	$0
Jan O'Sullivan	Director	15	Director	$0	$0	$0
Bob Kelly	Director	1	Director	$0	$0	$0
Patti Maclay	Director	20	Director	$0	$0	$0
Frank Womble	Director	10	Director	$0	$0	$0
Lisa Meunier	Director	20	Director	$0	$0	$0
Carolyn Lareuse	Director	0	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$432,289	$208,562	$328,853	$223,727